ASML Holding (NASDAQ:ASML) Shares Purchased by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC grew its stake in shares of ASML Holding (NASDAQ:ASML) by 43.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 73,682 shares of the semiconductor company’s stock after acquiring an additional 22,309 shares during the period. ASML comprises about 3.1% of Alpha Cubed Investments LLC’s portfolio, making the stock its 6th largest holding. Alpha Cubed Investments LLC’s holdings in ASML were worth $55,771,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. MONECO Advisors LLC acquired a new stake in shares of ASML during the 4th quarter valued at $244,000. Brighton Jones LLC lifted its position in shares of ASML by 22.9% during the 4th quarter. Brighton Jones LLC now owns 536 shares of the semiconductor company’s stock valued at $406,000 after acquiring an additional 100 shares during the last quarter. Mission Wealth Management LP raised its stake in ASML by 5.4% during the 4th quarter. Mission Wealth Management LP now owns 3,504 shares of the semiconductor company’s stock valued at $2,652,000 after purchasing an additional 180 shares during the period. Norden Group LLC raised its stake in ASML by 4.6% during the 4th quarter. Norden Group LLC now owns 431 shares of the semiconductor company’s stock valued at $327,000 after purchasing an additional 19 shares during the period. Finally, Penobscot Investment Management Company Inc. raised its stake in ASML by 51.5% during the 4th quarter. Penobscot Investment Management Company Inc. now owns 1,736 shares of the semiconductor company’s stock valued at $1,314,000 after purchasing an additional 590 shares during the period. Institutional investors and hedge funds own 26.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ASML. Susquehanna boosted their target price on shares of ASML from $830.00 to $1,100.00 and gave the company a “positive” rating in a research note on Friday, January 26th. Wells Fargo & Company boosted their target price on shares of ASML from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Sanford C. Bernstein cut their target price on shares of ASML from $1,072.00 to $1,052.00 and set an “outperform” rating on the stock in a research note on Friday, April 12th. Raymond James boosted their target price on shares of ASML from $850.00 to $1,000.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 25th. Finally, HSBC initiated coverage on ASML in a report on Thursday, February 22nd. They set a “buy” rating for the company. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,036.00.

ASML Stock Down 4.1 %

NASDAQ ASML traded down $37.30 during trading on Tuesday, hitting $872.47. 1,092,577 shares of the company traded hands, compared to its average volume of 1,228,772. The company has a market capitalization of $344.27 billion, a P/E ratio of 45.85, a PEG ratio of 2.29 and a beta of 1.49. The business has a fifty day simple moving average of $955.23 and a 200 day simple moving average of $809.40. ASML Holding has a 12 month low of $563.99 and a 12 month high of $1,056.34. The company has a current ratio of 1.54, a quick ratio of 0.88 and a debt-to-equity ratio of 0.33.

ASML Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 7th. Stockholders of record on Monday, April 29th will be given a $1.343 dividend. This represents a $5.37 annualized dividend and a dividend yield of 0.62%. The ex-dividend date of this dividend is Friday, April 26th. ASML’s dividend payout ratio is currently 32.99%.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.